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| Garment sector targets 10.5 bln USD in exports (10/03/2010) |
| The garment and textiles sector aims to earn about 10.5 billion USD from exports this year based on recovery signs from the country’s two major markets in the US and the EU. Measures to achieve the target were discussed at a conference of the Vietnam Garment and Apparel Association’s Executive Council in Hanoi on Mar. 8. |
| Vietnam’s GDP could reach 8.2 percent by 2010 (28/01/2010) |
The figure is expected to reach 8.2 percent by 2010. According to the Group, Vietnam’s economic recovery in the second quarter of this year resulted from a substantial increase in domestic demand. Thanks to the government’s stimulus package and looser monetary policies, Vietnam has coped with the negative impact from the global financial crisis better than most.
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| Market prices increase at dizzying pace (25/01/2010) |
Many supermarkets have prepared sufficient supplies of goods and money to stabilize six essential goods including sticky rice, vegetable oil, meat, fruits and vegetables to meet people’s needs for the Lunar New Year festival. However, due to fluctuations in the US dollar, the prices of food and foodstuff have begun to rise by 5-15 percent.
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| HCM City’s CPI rises in January (25/01/2010) |
| Ho Chi Minh City’s consumer price index (CPI) in January rose by 1.27 percent over the previous month, according to the city’s Statistics Office. The index was up 9.05 percent over the same period last year. |
| “Golden opportunity” for Vietnamese goods (21/01/2010) |
The “Vietnamese use Vietnamese goods” campaign has proved a real boon for the consumer industry to corner the market during the forthcoming traditional Lunar New Year festival (Tet). However, to grasp this “golden opportunity” businesses need to improve their reputation by ensuring stable prices and the quality of products and services.
Taking the initiative |
| Procedures for investigation and settlements of anti-dumping (14/01/2010) |
| In necessary circumstances, Competition Administration Department may hold a caucus consultation if requested by applicants or the parties requested to be applied anti-dumping measure. Based on the requests of the parties requesting for caucus consultation, the participants will be selected by Competition Administration Department
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| Fuel, tobacco to attract environment tax from 2012 (13/01/2010) |
Other products are hydrochlorofluorocarbons (HCFC), often used in fridges and air conditioners; plastic grains and powder made from petrochemical products and imported plastic waste; batteries; cleansing chemicals; mineral acid and sodium hydroxide; and industrial paints.
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| Bright prospects for Vietnam’s retail market in 2010 (13/01/2010) |
| The prospects for Vietnam’s retail market will be good as Vietnam is becoming “an attractive destination for businesses in Asia”, explained EuroCham Hanoi’s Office Director Matthias Duehn, at a seminar entitled “consumer trends and the retail market in 2009 and market prospects in 2010”, held in Hanoi on November 11.
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